Question

A sporting goods manufacturer budgets production of 43,000 pairs of ski boots in the first quarter and 34,000 pairs in the second quarter of the upcoming year. Each pair of boots requires 2 kilograms (kg) of a key raw material. The company aims to end each quarter with ending raw materials inventory equal to 25% of the following quarter's material needs. Beginning inventory for this material is 21,500 kg and the cost per kg is $8. What is the budgeted materials purchases cost for the first quarter?

860,000

516,000

724,000

652,000

688,000

A company paid $40,800 to acquire 10% bonds with a $43,000 maturity value. The company intends to hold the bonds to maturity. The cash proceeds the company will receive when the bonds mature equal:

43,600

47,300

43,000

40,800

41,400

PLEASE HELP

Answer 1